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Articles of incorporation - 17 Pa. Cons. Stat. § 303Legal Research Home > Pennsylvania Statutes
§ 303. Articles of incorporation.
Articles of incorporation shall be signed by each of the
incorporators. The articles of incorporation shall set forth:
(1) The name of the proposed credit union, which shall
contain the words "credit union."
(2) The class of services to be performed by the credit
union, which services shall be within the scope of activities
of such associations as set forth in this title.
(3) The principal place where its business is to be
transacted, which shall be within this Commonwealth.
(4) The term for which it is to exist, which may be
perpetual.
(5) The par value of its shares.
(6) The names and post office addresses of the
incorporators, and the number of shares subscribed by each.
(7) The names and residences of each of the first
directors, not less than five in number, who shall serve
until the first annual meeting of the credit union, and the
name and residence of the treasurer.
(8) The common bond of membership.
(9) Any provision, not inconsistent with law, which the
incorporators may choose to insert for the regulation of the
business and the internal affairs of the credit union.
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Last modified: November 27, 2007 |